Wash. Admin. Code § 460-21C-010 - Definitions
For purposes of this chapter, the following terms have the meanings indicated:
(1) "Financial
institution" means federal and state-chartered banks, savings and loan
associations, savings banks, credit unions, and the service corporations of
such institutions located in this state.
(2) "Networking arrangement" means a
contractual or other arrangement between a broker-dealer and a financial
institution pursuant to which the broker-dealer conducts broker-dealer services
on the premises of such financial institution where retail deposits are
taken.
(3) "Broker-dealer services"
means the investment banking or securities business as defined in paragraph (u)
of Article I of the By-Laws of the Financial Industry Regulatory Authority,
Inc.
Notes
Statutory Authority: RCW 21.20.100, 21.20.450. 00-05-055, § 460-21C-010, filed 2/14/00, effective 3/16/00.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.